Applying for a Mortgage without a 5406-C IVES

by mylenderjackie | Jun 11, 2024 | Loan Approvals

Applying for a mortgage can be a relatively simple process if you’re a borrower with traditional income sources, but if you’re not the process can actually be a bit daunting. If you’re finding yourself overwhelmed, we’re here to help. We have...

How to Determine Stated Income as a Self Employed Borrower

by mylenderjackie | Jun 5, 2024 | Buying

If you own your own business or are a wage earner through gig work or another self-employment venture, we know that applying for a mortgage can be daunting. The bad news is, many lenders won’t qualify you for a traditional loan because you won’t be able to...

Comparing Non-QM and Traditional Mortgages

by mylenderjackie | May 28, 2024 | Loan Programs

There are many different types of mortgages, including non-QM mortgages. One of the most complicated parts of the home buying process is determining what type of mortgage is the right fit for you. Choosing the terms that work for your needs, and then making sure you...

No Doc Loan Programs

by mylenderjackie | May 22, 2024 | Loan Programs

Finding a mortgage without traditional income can be a challenge. Many loan programs are designed in a way that doesn’t work for business owners or self-employed borrowers, who don’t have the traditional documents that are required. If this sounds like...

How to Optimize Your DTI Before Applying for a Mortgage

by mylenderjackie | May 13, 2024 | Buying

As you begin your journey toward homeownership or buying a new home, one of the factors that is most crucial for your success is your DTI. Understanding and optimizing your Debt-to-Income Ratio (DTI) is a key step in securing the mortgage terms you want. Lenders use...

Before You Buy an Investment Property

by mylenderjackie | May 6, 2024 | Buying

Have you been considering buying an investment property, but aren’t yet ready to pull the trigger? There are so many factors to consider, and we know it can be a little daunting. Maybe you’re wondering what type of property will be the most lucrative, or...

Cash Flow Mortgages FAQ

by mylenderjackie | Apr 30, 2024 | Loan Programs

Cash flow mortgages, also known as investment property loans or rental property loans, are specifically designed to help real estate investors purchase income-generating properties such as rental homes, multi-family units, or commercial buildings. These mortgages...

What Not to Do After Getting Pre-Approved for Your Mortgage

by temineth | Apr 22, 2024 | Loan Approvals

You’ve been pre-approved for a mortgage, congratulations! These words will likely put you at ease when you hear them, knowing you’re ready to make an offer on the home you want to buy. There are some common mistakes borrowers make during the time between...

Common Mortgage Misconceptions

by mylenderjackie | Apr 18, 2024 | Purchasing a Home

If you’ve never applied for a mortgage before, there are plenty of ideas you might have that are causing unnecessary stress or leading you in the wrong direction. There are quite a few common mortgage misconceptions about getting a mortgage, and we can help....

How Can I Become a Homeowner with These Market Conditions?

by temineth | Mar 22, 2024 | Buying

If you are hoping to become a homeowner in the future, we know that you might be like many of our clients and feel discouraged by the increased interest rates and market conditions that make homeownership seem unattainable. While it’s true that interest rates...